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Dec 22, 2012
12/12
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some straight talk from president obama tonight about the fiscal cliff. speaking to reporters from the white house he said he's ready and willing to get a comprehensive package done, but it's up to republicans and democrats to make it happen. >> nobody gets 100% of what they want. everybody has to give a little. >> susie: the president also proposed a smaller package that prevents taxes for 98% of americans from going up and for unemployment insurance to be extended. he pressed lawmakers to agree on this in the next ten days. darren gersh has details. >> reporter: one day after the collapse of efforts to avoid the fiscal cliff, all sides were speaker boehner tried to shift that burden, saying democrats unemployment insurance to be extended. >> we can't cut our way to prosperity we need real economic growth. and many of us believe on both sides of the aisle that fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work and more americans on the tax rolls. how we get there, god only knows. >> reporter:
some straight talk from president obama tonight about the fiscal cliff. speaking to reporters from the white house he said he's ready and willing to get a comprehensive package done, but it's up to republicans and democrats to make it happen. >> nobody gets 100% of what they want. everybody has to give a little. >> susie: the president also proposed a smaller package that prevents taxes for 98% of americans from going up and for unemployment insurance to be extended. he pressed...
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Dec 5, 2012
12/12
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the nation's governors met with president obama today about what they need to see in a fiscal cliff deal. we talk with delaware governor jack markell. >> susie: i'm susie gharib. a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal. the group's leader joins us, maya macguinneas. >> tom: and luxury fashion meets the mass market. who wins with target's pairing with neiman marcus? >> susie: that and more tonight on nbr! >> tom: there wasn't much obvious ground given today between president obama and congressional republicans in the effort to avoid the fiscal cliff in january. president obama repeated his pledge he's open to new ideas, but is holding firm on his call for higher taxes on top income earners, something missing from the g.o.p. plan. with just three weeks left, the two sides are still at odds with their opening offers. with time ticking away to reach a deal before tax cuts expire and spending cuts hit, president obama today said he's still optimistic a deal will be done and he's willing to compromise, but negotiations just aren't there
the nation's governors met with president obama today about what they need to see in a fiscal cliff deal. we talk with delaware governor jack markell. >> susie: i'm susie gharib. a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal. the group's leader joins us, maya macguinneas. >> tom: and luxury fashion meets the mass market. who wins with target's pairing with neiman marcus? >> susie: that and more tonight on nbr! >> tom:...
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Dec 8, 2012
12/12
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they're more afraid of going over the cliff than obama is. and i fear that the republicans are going to re-establish their reputation as the tax collectors of the welfare state. >> has president obama's position hardened over the past few days. >> i don't know. i am just thinking how sweet it is what pat just sate. i agreed with everything you just said. i think it is always dangerous to be complacent that there is going to be a deal, given the stakes and the hardened political line, but ever since the speaker put revenue on the table, the republicans have been breaking rank, and i think they really don't want to go down protecting the tax breaks for millionaires and billionaires. and you do see the beginnings of a deal. they will probably drag it out a bit longer, because each side wants to show their base that they're fighting very hard. but i think reasonableness may descend on washington and it is something that we should all applaud. >> ryan grim, do you think we will have reasonable connection on this? >> i don't think so. there was ano
they're more afraid of going over the cliff than obama is. and i fear that the republicans are going to re-establish their reputation as the tax collectors of the welfare state. >> has president obama's position hardened over the past few days. >> i don't know. i am just thinking how sweet it is what pat just sate. i agreed with everything you just said. i think it is always dangerous to be complacent that there is going to be a deal, given the stakes and the hardened political...
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Nov 29, 2012
11/12
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it moved into the green for the session the same hour president obama said they may have a fiscal cliff deal by christmas. the index finished at its high of the day, up 0.8%. volume grew from yesterday's pace. 708 million shares traded on the big board, just over 1.7 billion on the nasdaq. it was the consumer sector that was the hottest, with discretionary stocks up 1.3%. the energy sector gained 1.1%. industrials gained 0.9%. retail stocks were on the buy list for traders and investors with stores appealing to a broad array of shoppers. moving higher, there was the sector leading gains of j.c. penney, rising 4.6%. volume was more than double with the stock bouncing off three year lows hit last week. the company has struggled to remake itself with fewer promotions. and then there's luxury goods company coach. it gained 4.4%. last week, the stock fell to a three-month low as it has trended lower since the spring. other consumer stocks rallying. v.f. corporation is the company behind brands like lee jeans and timberland shoes. shares jumped 4%. this is a one-month high. best buy gained an
it moved into the green for the session the same hour president obama said they may have a fiscal cliff deal by christmas. the index finished at its high of the day, up 0.8%. volume grew from yesterday's pace. 708 million shares traded on the big board, just over 1.7 billion on the nasdaq. it was the consumer sector that was the hottest, with discretionary stocks up 1.3%. the energy sector gained 1.1%. industrials gained 0.9%. retail stocks were on the buy list for traders and investors with...
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Nov 10, 2012
11/12
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streeters remain cautious about the fiscal cliff. meridien equity partners' joe greco says the market doesn't expect it to be resolved this year. >> i think we're going to see a push pull back and forth and we're probably not going to see much compromise until mid to late january. if we don't get things in order by february that's when things can start to get ugly for the markets. >> reporter: with so much short- term risks, greco says retail investors are sitting on the sidelines until congress and the president reach consensus on the fiscal cliff. he says today's buyers were mostly institutional investors. >> you're going to see the bulk of volume just sit it out. because that has been what's worked in the past. if you have a position already it's probably a longer range view in which case no reason to mess around with it in the intermediary push pull. >> reporter: greco says the cliff isn't the market's only challenge. there's still europe's debt crisis and here at home. a long way to go on both the job and housing recoveries. put
streeters remain cautious about the fiscal cliff. meridien equity partners' joe greco says the market doesn't expect it to be resolved this year. >> i think we're going to see a push pull back and forth and we're probably not going to see much compromise until mid to late january. if we don't get things in order by february that's when things can start to get ugly for the markets. >> reporter: with so much short- term risks, greco says retail investors are sitting on the sidelines...
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Dec 8, 2012
12/12
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. >> susie: and house speaker boehner accuses president obama of wasting another week in the fiscal cliff negotiations. >> tom: that and more tonight on "n.b.r."! >> susie: the job market is proving to be surprisingly resilient. american employers hired 146,000 workers in november, much more than expected. and the unemployment rate fell to 7.7%, the lowest level since december of 2008. as erika miller reports, that wasn't the only surprise in today's report. >> reporter: almost no one on wall street saw this good news coming. there was every reason to think hiring would be weak last month. after all, many parts of the east coast are still recovering from devastation caused by superstorm sandy. >> i think the most likely explanation here is sandy's impact was significant but was so short-lived that it didn't extend to the sample period of the employment report which was the week that covered november 12. >> reporter: hiring was also supposed to be weak due to worries about the fiscal cliff. with $600 billion in automatic tax hikes and government spending cuts set to start next year, why ar
. >> susie: and house speaker boehner accuses president obama of wasting another week in the fiscal cliff negotiations. >> tom: that and more tonight on "n.b.r."! >> susie: the job market is proving to be surprisingly resilient. american employers hired 146,000 workers in november, much more than expected. and the unemployment rate fell to 7.7%, the lowest level since december of 2008. as erika miller reports, that wasn't the only surprise in today's report. >>...
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Nov 17, 2012
11/12
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>> susie: so far so good on the fiscal cliff. president obama and congressional leaders got off to a good start in their first round of negotiations. the president met with congressional leaders who emerged later to say they want to move quickly to prevent automatic spending cuts and tax increases from tanking the economy at the first of the year. but as darren gersh reports, what we are not yet clear about is whether either side is willing to give up enough to get the job done. >> reporter: in washington, they think carefully about the pictures they want to present to the public so this mattered. all four congressional leaders-- democrats and republicans-- after meeting with the president chose to face the cameras together. that hardly ever happens and it reflects the new post-election mood of cooperation. house speaker john boehner called the meeting very constructive. >> i outlined a framework that deals with reforming our tax code and reforming our spending. and i believe the framework that i've outlined in our meeting today
>> susie: so far so good on the fiscal cliff. president obama and congressional leaders got off to a good start in their first round of negotiations. the president met with congressional leaders who emerged later to say they want to move quickly to prevent automatic spending cuts and tax increases from tanking the economy at the first of the year. but as darren gersh reports, what we are not yet clear about is whether either side is willing to give up enough to get the job done. >>...
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Dec 29, 2012
12/12
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fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the pr
fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly...
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Jan 1, 2013
01/13
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could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with
could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go...
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Nov 17, 2012
11/12
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there was hopeful talk today about avoiding the "fiscal cliff" after president obama met with congressional leaders at the white house. a series of tax increases and spending cuts will kick in on january 1, unless the two sides can come to agreement. today, the president said action is of the essence. >> our challenge is to make sure that, you know, we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the people's business. and what the folks are looking for, and i think all of us agree on this, is action. >> holman: afterward, house and senate leaders expressed confidence they can get a deal. the president is pushing for high-income earners to pay more in taxes. and house speaker john boehner said republicans are willing to offer higher tax revenue as part of a deal. >> to show our seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table, it's going to be incumbent for my colleagues to show the american peo
there was hopeful talk today about avoiding the "fiscal cliff" after president obama met with congressional leaders at the white house. a series of tax increases and spending cuts will kick in on january 1, unless the two sides can come to agreement. today, the president said action is of the essence. >> our challenge is to make sure that, you know, we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do...
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Oct 24, 2012
10/12
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. >> susie: and is a deal in the works to solve theiscal cliff? a look at president obama's surprise promise in last night's debate. >> tom: that and more tonight on nb for the send time in three sessions, u.s. stocks suffered a sharp sell-off. prices fell as weak finance l results from corporate americal fed fear about the global economy. at the closing bell, the dow shed 243 points, the nasdaq lost 26.5, the s&p dropped almost 21 points, sending markets to levels not seen since early september. the heavy selling came after everal household names reported weak quarterly financial reports and lowered their expectations for the rest of the year. 3-m, dupont, and xerox wereev among those releasing disappointing results. erika miller reports worries about revenues have cast a shadow over the profit picture.h >> reporter: yes, it's earnings season. but earnings are not the most important indicator this quarter. it's revenues-- how much money a company makes before expenses. >> profits can go down, profits can go up. sales, you want to see nice steady
. >> susie: and is a deal in the works to solve theiscal cliff? a look at president obama's surprise promise in last night's debate. >> tom: that and more tonight on nb for the send time in three sessions, u.s. stocks suffered a sharp sell-off. prices fell as weak finance l results from corporate americal fed fear about the global economy. at the closing bell, the dow shed 243 points, the nasdaq lost 26.5, the s&p dropped almost 21 points, sending markets to levels not seen...
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Jan 19, 2013
01/13
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. >> president obama arranged a new year's deal to elude the fiscal cliff. republicans and democrats both consented to the deal. now neither party is happy with the outcome. democrats complain that obama caved. because the president's plan allows george w. bush's tax cuts to become permanent. for those making less than $400,000 a year. these democrat critics fear that obama's second term instead of being quote, unquote bold will be quote, unquote cautious as his first term. and on the right, republicans moan and grown and say that -- groan and say that obama is demeaning in the way he deals with house speaker john boehner. hold on, says columnist rockman. we expect too much of obama he says because in the united states, we subscribe to the quote, unquote myth of the imperial presidency. other transformational democratic presidents such as fdr and lbj, rockman says, have substantial democratic majorities in both the senate and in the house to enact their landmark legislation. obama in contrast has had to work with a narrow democratic majority in the senate an
. >> president obama arranged a new year's deal to elude the fiscal cliff. republicans and democrats both consented to the deal. now neither party is happy with the outcome. democrats complain that obama caved. because the president's plan allows george w. bush's tax cuts to become permanent. for those making less than $400,000 a year. these democrat critics fear that obama's second term instead of being quote, unquote bold will be quote, unquote cautious as his first term. and on the...
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Nov 16, 2012
11/12
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meet face to face on the fiscal cliff. and our friday "market monitor" is making plans for the fiscal cliff. he's jack ablin of harris private bank. and that's "nightly business report" for thursday, november 15. have a great evening, everyone. you, too, tom. >> tom: good night, susie. we'll see you online at nbr.com, and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page-- bizrpt. and on twitter @bizrpt.
meet face to face on the fiscal cliff. and our friday "market monitor" is making plans for the fiscal cliff. he's jack ablin of harris private bank. and that's "nightly business report" for thursday, november 15. have a great evening, everyone. you, too, tom. >> tom: good night, susie. we'll see you online at nbr.com, and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com....
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Nov 21, 2012
11/12
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there's all sorts of discussion on the fiscal cliff. president obama and speaker boehner are probably more willing to compromise, but their caucuses and their parties are very entrenched. i don't think we know what's going to happen out of this. >> woodruff: we certainly don't. nathan gonzales of the rothenberg political report, thank you for coming back to talk to us. >> thank you so much. >> brown: now that new york and new jersey have been hit by two destructive storms in less than two years, there's new urgency to questions about steps to better protect the region. hari sreenivasan is back with that story, part of our series on "coping with climate change." how are we doing in here? sreenivasan: ronnie forester has been working every day to put his statten island house back together again before christmas. forester's home was elevated but it wasn't high enough to save it from sandy. >> well, my house is six feet off the ground. we have four feet of water on our living floor. so you figure at least ten feet of water from where we sta
there's all sorts of discussion on the fiscal cliff. president obama and speaker boehner are probably more willing to compromise, but their caucuses and their parties are very entrenched. i don't think we know what's going to happen out of this. >> woodruff: we certainly don't. nathan gonzales of the rothenberg political report, thank you for coming back to talk to us. >> thank you so much. >> brown: now that new york and new jersey have been hit by two destructive storms in...
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Dec 28, 2012
12/12
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in this state, that a strike combined with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any strike will be felt far beyond the coast, with industries as diverse as agriculture, manufacturing and retail taking a hit. that's got the national retail federation urging president obama to intervene: >> the ports are a critical component to the u.s. global supply chain and a potential strike or shutdown to the ports not only impacts retailers but all other businesses who rely on the ports to move the nation's commerce. >> reporter: the sticking point in negotiations: a decades old law, called the container royalty fund. it was established in the 1960s to help dockworkers displaced by technology, the port allianc
in this state, that a strike combined with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any...
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Aug 23, 2012
08/12
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and erskine bowles, about the threat of the cliff. and we'll see the latest new home sales data, and talk housing with analyst megan mcgrath. >> susie: in this back to school season, some advice, and warnings, for kids heading off to college. here's neale godfrey, founder of the children's financial network, with tonight's kids & cash. >> i cringe when i think of kids going off to college with credit cards, but they will. >> reporter: almost 85% of undergrads have cards, and they hold almost five credit cards a piece. they will graduate with an average of $4,000 in credit card debt, not counting student loan debt. instead of a credit card, encourage your college student to get a debit card, which should be connected to a joint checking account that you will oversee. teach your child to budget and make them accountable, to you, to keep track of spending. review this with them on a month-to-month basis. the next month's budget estimate will not be loaded to their account, unless they can reconcile how the money was spent the previous mo
and erskine bowles, about the threat of the cliff. and we'll see the latest new home sales data, and talk housing with analyst megan mcgrath. >> susie: in this back to school season, some advice, and warnings, for kids heading off to college. here's neale godfrey, founder of the children's financial network, with tonight's kids & cash. >> i cringe when i think of kids going off to college with credit cards, but they will. >> reporter: almost 85% of undergrads have cards,...
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Dec 7, 2012
12/12
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but there was no outward sign of movement toward a fiscal cliff agreement. and egypt's president morsi insisted he would not let protesters overthrow his regime, after a night of violence that saw seven killed and hundreds injured. online we mark the passing of a great modernist architect. hari sreenivasan tells us more. >> sreenivasan: brazilian oscar niemeyer's buildings had a simple yet bold style. his designs left a mark on cities and architects worldwide. he died yesterday at the age of 104. we have a slideshow of his works in the capitol, brasilia and elsewhere. plus, paul solman takes viewers' questions about the pitfalls of investing in bonds. he explains in making sense. site newshour.pbs.org. >> brown: and that's the newshour for tonight. i'm jeffrey brown. >> woodruff: and i'm judy woodruff. we'll see you online. and again here tomorrow evening with mark shields and david brooks among others. thank you and good night. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and...
but there was no outward sign of movement toward a fiscal cliff agreement. and egypt's president morsi insisted he would not let protesters overthrow his regime, after a night of violence that saw seven killed and hundreds injured. online we mark the passing of a great modernist architect. hari sreenivasan tells us more. >> sreenivasan: brazilian oscar niemeyer's buildings had a simple yet bold style. his designs left a mark on cities and architects worldwide. he died yesterday at the age...
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Dec 1, 2012
12/12
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president obama. darren gersh has the latest. >> reporter: the president is still pushing to wrap up a deal on the fiscal cliff before christmas and just in case anyone missed that point, he visited a toy factory to urge congress to avoid raising taxes on the middle class. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. a typical middle-class family of four would see their income taxes go up by about $2,200. >> reporter: the president is proposing to raise taxes by $1.6 trillion, while cutting spending by $400 billion. on top of that, mr. obama asked for $50 billion more for infrastructure spending and $140 billion to extend unemployment insurance benefits and the payroll tax cut. republicans literally laughed it off. >> they want... they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean, it's... it's... was not a serious proposal. and so, right now, we're almost nowhere. >> reporter: across the capitol, r
president obama. darren gersh has the latest. >> reporter: the president is still pushing to wrap up a deal on the fiscal cliff before christmas and just in case anyone missed that point, he visited a toy factory to urge congress to avoid raising taxes on the middle class. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. a typical middle-class family of four would see their income taxes go up by about $2,200. >> reporter: the president...
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Dec 27, 2012
12/12
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president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers. that's way below what the retail industry was predicting. erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on ret
president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get...
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Dec 20, 2012
12/12
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an agreement on the fiscal cliff will shake the confidence of american consumers." so home building is a long tale to it. why take the chance with your optimism given there is still no resolution? >> we're a long land builder. we own the land well in advance of when we actually put it in use. so we're positioned for the continued recovery. we have made those investments in areas where we operate, it is hard to get land. there is not a lot of land sitting around. having us puts us in a competitive v.. we're confident sensitive, though. demand is confident sensitive. and we have seen demand cover because consumers' confidence has improved, and their confidence that housing as a sound investment has improved, as they have seen prices se year-over-year here. >> tom: where is building best for you? where are you looking to put shovels in the ground come springtime? >> we've had a lot of success in texas. our urban products in the metro new york area have met with great success. and we're pleased to be between washington and boston with approximately 50% of our business b
an agreement on the fiscal cliff will shake the confidence of american consumers." so home building is a long tale to it. why take the chance with your optimism given there is still no resolution? >> we're a long land builder. we own the land well in advance of when we actually put it in use. so we're positioned for the continued recovery. we have made those investments in areas where we operate, it is hard to get land. there is not a lot of land sitting around. having us puts us in...
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Nov 6, 2012
11/12
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is the economy just continue to limp along whether it is esident obama who wins or governor romney? >> is it going to be the same? >> very likely. >> well, you know, as long as they come to se type of agreement over the fiscale cliff then yes. are you probably looking at a one-to-one inform percent drag on gdp which is pretty much how fast we are growing now. it brings us to the flat line for profits and the ecomy. but if we don't craft a deal of some scenario coming out of this election doesn't lend itself to a quick and easy compromise in the lame duck session which it may not, that means we have anec ies that's really hit with a full brunt of theha fiscal cliff, some 3.5% drag we're most likely in a recession in that case with further pullback in spending and housing maybe, and a far deeper downturn. >> a lot of variables, a lot ofofactors as you have justju been talking about. how should people position their portfolio isst there a pre-election trade to do here? >> i think you can lighten up a little bit, have a bit of cash, i think, make some sense now along with maybe precious
is the economy just continue to limp along whether it is esident obama who wins or governor romney? >> is it going to be the same? >> very likely. >> well, you know, as long as they come to se type of agreement over the fiscale cliff then yes. are you probably looking at a one-to-one inform percent drag on gdp which is pretty much how fast we are growing now. it brings us to the flat line for profits and the ecomy. but if we don't craft a deal of some scenario coming out of...
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Dec 29, 2012
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talks after meeting with president obama. the president said he's modestly optimistic, but he warned, "the hour for immediate action is here..." dock workers on the east coast and gulf coast postponed a potentially crippling strike. and retired army general norman schwarzkopf passed away at the age of 78. he commanded the coalition victory over iraq, in the first gulf war. online, we look back at what 2012 meant for the health care reform law and what lies ahead in 2013. kwame holman tells us more. >> holman: ray suarez talks with jay hancock of kaiser health news about the year in health care and what changes in coverage can be expected next year. that's on our health page. on making sense, liberal economist and columnist paul krugman has a mea culpa moment, admitting to a mistake he made. and our own paul solman admits to a few as well as we come to the end of 2012. and you can look back at some of the most striking and oddest images captured by photojournalists this year. all that and more is on our web site newshour.pbs.o
talks after meeting with president obama. the president said he's modestly optimistic, but he warned, "the hour for immediate action is here..." dock workers on the east coast and gulf coast postponed a potentially crippling strike. and retired army general norman schwarzkopf passed away at the age of 78. he commanded the coalition victory over iraq, in the first gulf war. online, we look back at what 2012 meant for the health care reform law and what lies ahead in 2013. kwame holman...
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Dec 6, 2012
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president obama warned republicans not to try linking the fiscal cliff negotiations to an increase in the federal debt ceiling early next year. timothy geithner says the administration absolutely it prepared to let the economy go over the fiscal cliff unless the republicans accept higher tax rates on the healthy. and the southern philippines struggled to recover from a typhoon that killed nearly 300 people. and what does a day in the life of public buses, trains and subways look like? the answer is part of our science roundup online. hari sreenivasan has the details. >> sreenivasan: the image resembles a lite-bright time lapse. find those pictures and our conversation with a software developer who set out to visualize the 24-hour cycle of urban public transit systems. that's on our homepage. an international telecommunications conference in dubai aims to set new rules for the internet. what's at stake? we take a look in the rundown. and on making sense, economics correspondent paul solman argues both sides of the capital gains tax debate. all that and more is on our website newshour.p
president obama warned republicans not to try linking the fiscal cliff negotiations to an increase in the federal debt ceiling early next year. timothy geithner says the administration absolutely it prepared to let the economy go over the fiscal cliff unless the republicans accept higher tax rates on the healthy. and the southern philippines struggled to recover from a typhoon that killed nearly 300 people. and what does a day in the life of public buses, trains and subways look like? the...
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Nov 14, 2012
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it was another day of cliff- watching here on wall street today. investors and traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned to work for the first time since september. lawmakers face a long "to-do list," and getting a deal on that fiscal cliff is right at the top. darren gersh reports. >> reporter: it was freshman welcome day in washington. senate republican leader mitch mcconnell lost ground in the election, but he posed for the cameras with the three new senators who will be joining his side of the aisle in january. in the house, minority leader nancy pelosi beamed as she presented the new faces adding to democrat
it was another day of cliff- watching here on wall street today. investors and traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost...
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president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff. >> susie: and apple shares get of the most widely owned stocks sees heavy trading. >> tom: that and more tonight on "n.b.r." >> susie: big job cuts today at one of the nation's biggest banks. citigroup announced it's slashing 4% of its staff; that works out to 11,000 jobs worldwide. the cuts will save the bank more than $1 billion a year in expenses. but they won't be cheap, resulting in a billion-dollar charge against fourth-quarter earnings. is this gloomy news from citi the beginning of other companies doing the same? suzanne pratt reports. >> reporter: 11,000 jobs are a lot of layoffs, even for a bank as huge as citi. and there could be more. that's because the monster firm is still struggling to recover from the great recession even though it has fired a lot of other workers in the last few years. the thing is, citi has a new c.e.o. in michael corbat, and experts say he's anxious to make his mark, even if that includes cutting staff. and the need to
president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff. >> susie: and apple shares get of the most widely owned stocks sees heavy trading. >> tom: that and more tonight on "n.b.r." >> susie: big job cuts today at one of the nation's biggest banks. citigroup announced it's slashing 4% of its staff; that works out to 11,000 jobs worldwide. the cuts will save the bank more than $1 billion...
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Dec 12, 2012
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exchanged new proposals this week in fiscal cliff negotiations. and late today mr. obama said the administration will recognize a coalition of syrian opposition groups. online, we look at a truly long- term reporting assignment. hari sreenivasan has more. >> sreenivasan: paul salopek is about to spend seven years tracing the ancient path of human migration around the globe. we talked about his route, the shoes he'll wear, and his emphasis on "slow journalism." and what's it like to have breast cancer in the poorest nation in the western hemisphere? that's next from our series with "pri's the world" on cancer in the developing world. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on wednesday, we'll look at the world in the year 2030. one intelligence report projects china will be on top economically, and the u.s. will be energy-independent. i'm ray suarez. >> woodruff: and i'm judy woodruff. we'll see you online, and again here tomorrow evening. thank you, and good night. major funding
exchanged new proposals this week in fiscal cliff negotiations. and late today mr. obama said the administration will recognize a coalition of syrian opposition groups. online, we look at a truly long- term reporting assignment. hari sreenivasan has more. >> sreenivasan: paul salopek is about to spend seven years tracing the ancient path of human migration around the globe. we talked about his route, the shoes he'll wear, and his emphasis on "slow journalism." and what's it like...
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>> tom: a small deal to avoid the fiscal cliff brings a big rally to wall street. awaiting president obama's signature tonight is an agreement not to raise taxes on most americans. even though hard decisions on government spending cuts were put off, the deal over tax rates ushered in a 308 point rally for the dow jones industrial average. but as sylvia hall reports, the new session of congress beginning tomorrow faces some big decisions very soon. >> reporter: as americans return to work from the holidays, they might breathe a little easier knowing the fiscal cliff isn't happening. but the deal on the president's desk doesn't end the debate. in fact, it sets the stage for a bitter first quarter fight. the bill does add some certainty to this year's tax rates, by permanently extending bush-era tax cuts for people making less than $400,000 per year and couples making less than $450,000. it also staves off the sequester- that package of sharp federal spending cuts- for two months. but let's look at what the deal doesn't do. it doesn't take the sequester off the table
>> tom: a small deal to avoid the fiscal cliff brings a big rally to wall street. awaiting president obama's signature tonight is an agreement not to raise taxes on most americans. even though hard decisions on government spending cuts were put off, the deal over tax rates ushered in a 308 point rally for the dow jones industrial average. but as sylvia hall reports, the new session of congress beginning tomorrow faces some big decisions very soon. >> reporter: as americans return to...
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Dec 11, 2012
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>> susie: president obama was in michigan today, campaigning on his plan to avert the fiscal cliff. speaking to union workers at the daimler detroit diesel engine plant, the president said he is willing to compromise "a little bit" with republicans on getting a plan for economic growth, job creation, and reducing the deficit. but he said he would not compromise on raising tax rates for high-income earners. >> and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks, and then we're asking students to pay higher student loans, or suddenly, a school doesn't have school books because the school district couldn't afford it. >> susie: meanwhile, a ranking democrat on the house budget committee tells "nightly business report" he is optimistic about getting a fiscal cliff deal by the end of they year. maryland congressman chris van hollen talked with our darren gersh, and began with an update on the status of the talks. >> well, the good news is that the president and the spe
>> susie: president obama was in michigan today, campaigning on his plan to avert the fiscal cliff. speaking to union workers at the daimler detroit diesel engine plant, the president said he is willing to compromise "a little bit" with republicans on getting a plan for economic growth, job creation, and reducing the deficit. but he said he would not compromise on raising tax rates for high-income earners. >> and that's a principle i won't compromise on because i'm not...
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on the fiscal cliff, i believe john paraphernalia is sincere he would like to do something with obama, and obama would like $2.anist of spending cuts for every $1 in tax increases. can they sell that to their bases? much harder to know. >> woodruff: the president did reelection, he won barely, but he won a majority, being sent back to office-- into office for a second term. doesn't that count for something? >> it does count for something, judy. the president is the only nationally elected officeholder. each of the people who is elected and will be taking the oath of office on the first day of the new session is himed and herself elected as well. i just hope that the republicans would learn, and the democrats as well, from the great lesson of ronald reagan. take one of the great conservative icon's words, someone who is with us 80% of the time, he is our ally and friend-- or she is ally and friend now that there are so many women in the senate-- and not our opponent, not a traitor. and i think this has punished the republicans in their nominating process. i think sometimes it punishes
on the fiscal cliff, i believe john paraphernalia is sincere he would like to do something with obama, and obama would like $2.anist of spending cuts for every $1 in tax increases. can they sell that to their bases? much harder to know. >> woodruff: the president did reelection, he won barely, but he won a majority, being sent back to office-- into office for a second term. doesn't that count for something? >> it does count for something, judy. the president is the only nationally...
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what we saw in 2008 is that independent voters went in huge margins for barack obama largely because of bush fatigue and because the economy had already teetered off the cliff by the time the election occurred. what we saw last november in 2010 was a hemorrhaging away from the democratic party of that crucial independent voting block. what's so interesting what you were mentioning about a realignment is that these changes in the political cycles now are moving at a much more rapid and accelerated pace. so democrats controlled congress for decades until 1994. the gop took it over in '94. they only controlled it for 12 years before the democrats took over after the '06 election. democrats only controlled it for four years. so you have this much more rapid turnover. i would also add to this, though that we are still a center right country. even though pat is right that the republican party has some built-in challenges demographically, the message of the republican party if they can stick to it about limited government, fiscal responsibility and free market, those are the messages that r
what we saw in 2008 is that independent voters went in huge margins for barack obama largely because of bush fatigue and because the economy had already teetered off the cliff by the time the election occurred. what we saw last november in 2010 was a hemorrhaging away from the democratic party of that crucial independent voting block. what's so interesting what you were mentioning about a realignment is that these changes in the political cycles now are moving at a much more rapid and...
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Dec 18, 2012
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president obama and house speaker john boehner met at the white house, with the fiscal cliff deadline two weeks away. it followed reports that boehner has now offered to raise tax rates on those making a million dollars a year. the democrat of hawaii died of respiratory complications in washington. he was 88 years old and the u.s. senate's longest serving member. our coverage of this story continues online, with more advice on how to talk to children. kwame holman explains. >> holman: we have tips on coping from a professor of school psychology and parent of two children, stephen brock. get ankery look at our coming story. a special correspondent profiles an indian politician who is both loved and loathed. all that and more is on our web site, newshour.pbs.org. >> ifill: and to a different kind of honor roll tonight, of those killed in newtown, connecticut, on friday morning. as we've reported, there were 20 first-graders and six women in the school, plus the mother of the shooter, who lost their lives. here, in silence, are the names of the 27 victims. 25 photographs were available.
president obama and house speaker john boehner met at the white house, with the fiscal cliff deadline two weeks away. it followed reports that boehner has now offered to raise tax rates on those making a million dollars a year. the democrat of hawaii died of respiratory complications in washington. he was 88 years old and the u.s. senate's longest serving member. our coverage of this story continues online, with more advice on how to talk to children. kwame holman explains. >> holman: we...
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Oct 5, 2013
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that won't play well for obama going forward. >> i think both parties are fighting on the edge of a cliff and when you're on the edge of a cliff, the economy says, you don't ask who is right, that's what they are doing, you ask what the heck are we doing at the edge of the cliff? we are in a terribly vulnerable position as an economy and country right now. particularly as an economy. we could plunge the economy into a worse place. it's a plague on both their houses on one level. secondly, what you have is a situation where there's no presidential leadership. if you had reagan or lyndon johnson as president, you would never have had this. reagan used to have democrats in for lunch. he had six of them every time. he had relationships across the table. not only does obama not have relations with the republicans, he doesn't have relations with the democratic leadership. i can say that -- wait a minute, i can say that from direct contact with the leadership of the democratic party in the house. they are very dismayed. he never helps them, he doesn't know how to deal with them. he doesn't know
that won't play well for obama going forward. >> i think both parties are fighting on the edge of a cliff and when you're on the edge of a cliff, the economy says, you don't ask who is right, that's what they are doing, you ask what the heck are we doing at the edge of the cliff? we are in a terribly vulnerable position as an economy and country right now. particularly as an economy. we could plunge the economy into a worse place. it's a plague on both their houses on one level. secondly,...
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. >> we're going towards the cliff. >> and so what happened is the election happened. obama wins. clearly he ran on raising tax or raising revenue from the top 2%. center piece. republicans are not stupid. they sort of understand that. so they went through a process the day after boehner said revenues but not rates, and some began to drift over, okay, rates, so you have had movement, until friday or yesterday, thursday, when tim geithner goes up there and delivers an ultimatum which is a chest thumping stick in the eye to the republicans. and all the migration suddenly stops and suddenly they get outraged apt are. and so they are back, they are going back to where grover norquist wants them to be because they are outraged because they feel they have been insulted is, that this is not a negotiation t a war. i think what had yesterday from the administration was a bit of negotiation incompetence because they pushed us, the psychological process the republicans were going through, which they have to go through has to be has been pushed way back. >> where do you think we are. >> i'm n
. >> we're going towards the cliff. >> and so what happened is the election happened. obama wins. clearly he ran on raising tax or raising revenue from the top 2%. center piece. republicans are not stupid. they sort of understand that. so they went through a process the day after boehner said revenues but not rates, and some began to drift over, okay, rates, so you have had movement, until friday or yesterday, thursday, when tim geithner goes up there and delivers an ultimatum which...
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for a fiscal cliff agreement. it came a day after he resumed talking with the top house republican, and as a year-end deadline moved even closer. the president took his public campaign for a deficit deal on his terms to the daimler diesel plant in redford michigan. >> if congress doesn't act soon meaning in the next few weeks, starting on january 1, everybody is going to see their income taxes go up. it's true. y'all don't like that? >> no! woodruff: instead, mr. obama again pressed for raising tax rates on the top two percent of incomes. >> and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks and then we're asking students to pay higher student loans. >> woodruff: his michigan visit came a day after the president and house speaker john boehner met privately at the white house. their first one-on-one session since the election. neither side gave any details about what was discussed. instead they
for a fiscal cliff agreement. it came a day after he resumed talking with the top house republican, and as a year-end deadline moved even closer. the president took his public campaign for a deficit deal on his terms to the daimler diesel plant in redford michigan. >> if congress doesn't act soon meaning in the next few weeks, starting on january 1, everybody is going to see their income taxes go up. it's true. y'all don't like that? >> no! woodruff: instead, mr. obama again pressed...
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and the president, it'll be obama. he'll still be in the white house, even if he loses in november, negotiates with the congress. what are you going to be watching for? >> well, it's taking place right now. i don't have to watch after the election. right now, you have ceos, meeting with democrats and republicans, trying to work out some kind of deficit reduction plan. if some of us and the american people are not successful in stopping them, there will be cuts in social security, i suspect medicare and medicaid. not anywhere near as draconian as what the republicans, let alone, want. there is an answer to the deficit crisis. and that is when you have this grotesquely unequal distribution of wealth and income, somebody's going to have to say, "hey, what, you're a billionaire, you know what, you're going to have to contribute." one-quarter of american corporations don't pay anything in taxes. we're losing $100 billion a year, because these companies are stashing their money in the cayman islands. there are ways to deal w
and the president, it'll be obama. he'll still be in the white house, even if he loses in november, negotiates with the congress. what are you going to be watching for? >> well, it's taking place right now. i don't have to watch after the election. right now, you have ceos, meeting with democrats and republicans, trying to work out some kind of deficit reduction plan. if some of us and the american people are not successful in stopping them, there will be cuts in social security, i...
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they are the co-chairs of president obama's commission on deficit reduction. our washington bureau chief, darren gersh, spoke with them, and began by asking erskine bowles why he thinks we will go over the cliff. >> because i think both sides see it to their advantage to go over the cliff, their political advantage. to me, it makes no sense whatsoever. what they're doing is really, you know, making a bet on the country. they're really risking our country. we've got $7 trillion worth of economic events that will hit us in the gut in december-- expiration of bush tax cuts, the expiration of the payroll tax cut, it's these mindless and senseless across-the-board cuts that came about because of the sequester, which came about because of the failure of the super committee. and if we do nothing by the end of this year, the negative impact on economic growth in 2013 will be enough to throw us back into a recession. and it won't be just 2013, because companies will have to start preparing, so we will start seeing negative growth in the fourth quarter of this year. i'm
they are the co-chairs of president obama's commission on deficit reduction. our washington bureau chief, darren gersh, spoke with them, and began by asking erskine bowles why he thinks we will go over the cliff. >> because i think both sides see it to their advantage to go over the cliff, their political advantage. to me, it makes no sense whatsoever. what they're doing is really, you know, making a bet on the country. they're really risking our country. we've got $7 trillion worth of...
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powerful rally today, continuing the momentum from friday after that white house meeting between president obama, and congressional leaders. stocks rallied right from the opening bell: the dow surged 207 points, the nasdaq jumped nearly 63, and the s&p 500 rose 27. >> tom: those hopes about a fiscal cliff deal may be good enough for stock traders today, but is the economy in a position to deal with whatever solution politicians may hammer out? it's expected that the fiscal fix will involve tax hikes of some sort, and spending cuts as well. we spoke with economist dean baker from the center for economic and policy research, and economist douglas holtz- eakin of the american action forum. "n.b.r.'s" washington bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. >> insofar as we get austerity, we get tax increases, spending cuts, that's going to slow the economy. i anticipate a deal so we are don't see the full, you know, $500 billion tax increases 100 billion spending cuts but whatever we do see in tax increases,
powerful rally today, continuing the momentum from friday after that white house meeting between president obama, and congressional leaders. stocks rallied right from the opening bell: the dow surged 207 points, the nasdaq jumped nearly 63, and the s&p 500 rose 27. >> tom: those hopes about a fiscal cliff deal may be good enough for stock traders today, but is the economy in a position to deal with whatever solution politicians may hammer out? it's expected that the fiscal fix will...
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captioning sponsored by macneil/lehrer productions >> brown: president obama cuts short his vacation to head back to washington, while harry reid says the country is headed toward the fiscal cliff. good evening, i'm jeffrey brown. >> warner: and i'm margaret warner. on the "newshour" tonight, we have the latest on efforts to avert the looming deadline from todd zwillich of public radio international. >> brown: then, geo-politics and children: russia moves to end adoptions by american parents. >> warner: what austerity measures look like at street level: we have a report from athens. >> by the end of 2013 greece would have a worse depression than the great depression in the u.s. >> brown: a player in campaign politics, but what of the current debt debate? we talk with tea party ally, matt kibbe. >> warner: and as e.p.a. chief lisa jackson steps down, we assess the track record of the administration's environmental agency. >> brown: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the e
captioning sponsored by macneil/lehrer productions >> brown: president obama cuts short his vacation to head back to washington, while harry reid says the country is headed toward the fiscal cliff. good evening, i'm jeffrey brown. >> warner: and i'm margaret warner. on the "newshour" tonight, we have the latest on efforts to avert the looming deadline from todd zwillich of public radio international. >> brown: then, geo-politics and children: russia moves to end...
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. >> sreenivasan: president obama's top economic advisors warned today that the looming "fiscal cliff" may yet hurt holiday sales. in a new report, they said the prospect of automatic tax increases in 2013 could cause consumers to rein in spending. the report came as congress returned to work. lawmakers are under pressure to strike a deficit deal, preventing the tax hikes and deep spending cuts. wall street's week got off to an uncertain start, partly over concerns that strong holiday sales won't last. the dow jones industrial average lost 42 points to close at 12,967. the nasdaq managed about a ten- point gain to close at 2976. the woman who helped steer the government's regulatory response to the 2008 financial crisis is stepping down. mary schapiro announced today she's resigning as chair of the securities and exchange commission after nearly four years. president obama has designated s.e.c. commissioner elisse walter to replace schapiro, effective december 14. in bangladesh, thousands of people protested today over a deadly fire at a factory that makes garments for american and ot
. >> sreenivasan: president obama's top economic advisors warned today that the looming "fiscal cliff" may yet hurt holiday sales. in a new report, they said the prospect of automatic tax increases in 2013 could cause consumers to rein in spending. the report came as congress returned to work. lawmakers are under pressure to strike a deficit deal, preventing the tax hikes and deep spending cuts. wall street's week got off to an uncertain start, partly over concerns that strong...
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ma election day may be in four days, but president obama and the lame duck ngress have less h than two months to steer clear of the fiscal cliff-- the combination of tax hikes and government spending cuts scheduled to take affect in january. our market monitor this week says plan now for higher taxes soon, and higher interest rates eventually. duncan richardson is chief investment officer at eaton vance management. he joins us from that firm in boston. duncan, i take it you're a pessimist in regards to avoiding the fisca cliff that we're going to go over? c not really a pessimist. i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher ta s either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there a t great costs to be avoided by lessening the tax drag on your investmen
ma election day may be in four days, but president obama and the lame duck ngress have less h than two months to steer clear of the fiscal cliff-- the combination of tax hikes and government spending cuts scheduled to take affect in january. our market monitor this week says plan now for higher taxes soon, and higher interest rates eventually. duncan richardson is chief investment officer at eaton vance management. he joins us from that firm in boston. duncan, i take it you're a pessimist in...
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this is a republican proposal which they pushed during the fiscal cliff talks. the question is going to be will they support additional revenue raisers which the obama administration says are necessary for them to go further on entitlements. this should not be seen as the last offer on entitlement reductions. more to come if we get into real negotiations this spring. >> john, address the whole timetable on this. why is this release of the president's budget so -- we have the house and the senate who have passed their budgets and are we really going to get a deal? >> i don't know if we pe'll get deal, but this is lowering the temperature and part of doing that is for the president to do that himself who is a polarizing figure to step away from the discussion. let the house do its budget which they have done. the senate do their budget which they've done and now the president's trying to come in as peacemaker at the end. that's why they delayed the budget. >> john harwood, thanks very much. >>> following up on a story from a few weeks ago, the federal aviation adm
this is a republican proposal which they pushed during the fiscal cliff talks. the question is going to be will they support additional revenue raisers which the obama administration says are necessary for them to go further on entitlements. this should not be seen as the last offer on entitlement reductions. more to come if we get into real negotiations this spring. >> john, address the whole timetable on this. why is this release of the president's budget so -- we have the house and the...
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as we approach the fiscal cliff? >> no question. he's gotten a lot of -- he has a lot of capital with the public. his approval ratings have surged to 55%. a point of comparison, president bush in december, 2004, was at 48%. we asked people is obama trying to make a serious effort to negotiate a deal, get a deal, 55% say yes. when we say the same thing about republican leaders just 32% say yes. the democrats are better regarded in this negotiation than the republicans by a lot. >> suarez: did you ask people what they would be willing to put up with in order to get some sort of solution? for instance, do they support raising taxes on the wealthiest americans? >> well, they have a very mixed view of things. they support raising taxes on those who earn more than $250,000. 69%, i believe the statistic. they believe in raising taxes on investment income. they believe in limiting the number of deductions that can be taken. things that are in the realm of rich people, or more wealthy people making a sacrifice are strongly en
as we approach the fiscal cliff? >> no question. he's gotten a lot of -- he has a lot of capital with the public. his approval ratings have surged to 55%. a point of comparison, president bush in december, 2004, was at 48%. we asked people is obama trying to make a serious effort to negotiate a deal, get a deal, 55% say yes. when we say the same thing about republican leaders just 32% say yes. the democrats are better regarded in this negotiation than the republicans by a lot. >>...
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to move forward the stalled fiscal cliff talks. there are now just 18 days before the tax hikes and spending cuts that make up the cliff take effect, and today, there were few signs of progress. as darren gersh reports, the tone of the talks, if anything, is getting worse. >> reporter: house democratic leader nancy pelosi may just have a second career as a stock analyst. her commentary on the markets today was dead on. >> so far, they trust that we would not be so stupid as to go over a cliff. >> reporter: but pelosi made clear what everyone knows-- time is running out to reach a deal by christmas >> we really have to come to some agreement in the next couple of days or the very beginning of next week for us to have engineered our way to a solution. >> reporter: the fiscal cliff is really a negotiation between two men, and one of them today was not sounding very happy. house speaker john boehner brought out the charts to make his case. >> here we are at the eleventh hour, and the president still isn't serious about dealing with thi
to move forward the stalled fiscal cliff talks. there are now just 18 days before the tax hikes and spending cuts that make up the cliff take effect, and today, there were few signs of progress. as darren gersh reports, the tone of the talks, if anything, is getting worse. >> reporter: house democratic leader nancy pelosi may just have a second career as a stock analyst. her commentary on the markets today was dead on. >> so far, they trust that we would not be so stupid as to go...
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obama is far to the left. he's not taking the country to a ditch. he's taking it straight off a cliff and the american voter is mad. exploding deficits, out of control spending and 10% unemployment. >> you can't beat something with nothing. this won't be like 1994. there isn't a contract with america that newt gingrich with the republicans before. i mean, i think it's a curse on all of it. >> i disagree with that. the people in 1994 did not vote for the contract with america. it was an anticlinton vote totally. this year, it's antidemocratic and antiliberal and antibig government. >> that's why obama only begun to fight. it's not about the republicans and they are just basically standing back. they aren't going to do anything except reverse to bush. and i want my favorite slogan, my favorite slogan for the republicans is, government can't solve all your problems, elect us and we'll prove it. >> is this going to be a referendum on the liberal wing of the democratic party? >> pelosi, reid, obama. >> the liberal wing of the economy. >> is this -- he ha
obama is far to the left. he's not taking the country to a ditch. he's taking it straight off a cliff and the american voter is mad. exploding deficits, out of control spending and 10% unemployment. >> you can't beat something with nothing. this won't be like 1994. there isn't a contract with america that newt gingrich with the republicans before. i mean, i think it's a curse on all of it. >> i disagree with that. the people in 1994 did not vote for the contract with america. it was...
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. >> susie: next week, we'll be looking at president obama's record with the business community. and on labor day, we will focus on an issue that economists are paying a lot of attention to, the fiscal cliff. if nothing is done to head off automatic spending cuts and tax increases scheduled for january, economists say the u.s. will fall into recession. on labor day, we'll tell you why and what the fiscal cliff could mean to you. >> susie: shares of google bounced back today, up almost $8 as investors reassessed the impact of apple's sweeping legal victory on tech players like google. is that a game changer for google and it's android system? to answer that, we turn to david garrity, technology analyst with his own firm, g.v.a. research. >> so david, do you think that this means google has to change things up >> we may see a few changes, but understand first and foremost that google makes android availability to handset manufacturers free. >> despite the apple against samsung, if they wish to migrate away because of litigation risks, the cost they face of developing their oeb soft
. >> susie: next week, we'll be looking at president obama's record with the business community. and on labor day, we will focus on an issue that economists are paying a lot of attention to, the fiscal cliff. if nothing is done to head off automatic spending cuts and tax increases scheduled for january, economists say the u.s. will fall into recession. on labor day, we'll tell you why and what the fiscal cliff could mean to you. >> susie: shares of google bounced back today, up...
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May 5, 2012
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and that is, mitt, if you get the nomination, which isn't easy, and number two, if you beat barack obama, which isn't going to be easy either, can you fix it? i need to know is it too late, has america gone over the proverbial cliff and we don't have time to turn things around? and he said, no, it's getting late but it's not too late. [cheering] >> how effective a political a society is ann romney to her running mate? >> oh, she's wonderful on this kind of presentation. i've never seen her speak this way. i mean, you can't help but be moved by it and also it's fact provoking if a positive way for her and her husband. to me it's a total win for him and i think he'lling effective as a campaigner and helped by what hillary rosen said. >> and lots of -- there is a cultural war in this campaign. and the left is trying to say the democrats are trying to say there's a war against women, and there's an abortion will be -- the huge part of the fund- raising thing, and the hillary rosen episode where she said that the democrat advisor said staying -- >> okay, there's a subtext, now what? she's ver
and that is, mitt, if you get the nomination, which isn't easy, and number two, if you beat barack obama, which isn't going to be easy either, can you fix it? i need to know is it too late, has america gone over the proverbial cliff and we don't have time to turn things around? and he said, no, it's getting late but it's not too late. [cheering] >> how effective a political a society is ann romney to her running mate? >> oh, she's wonderful on this kind of presentation. i've never...
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that probably won't happen if we go over the cliff. it's not as if we're talking about a situation in which president obama gets everything he wants. i'm not sure. what we want is the least bad outcome for the u.s. economy. and the u.s. long-term fiscal outlook that we can get. i don't think that balance is what we're seeking. what we're seeking is is let's try not to mess up this situation even more than it already is mess up. >> ifill: do you agree with erskine bowles who told us where we are right now resembles theater? >> i think it's a little bit more than that. i think that there is a much deeper partisan divide. i think erskine bowles, bless his mart heart, still wants to believe we live in the washington of 20 or 30 years ago where reasonable men could ghettoing and make sensible deals. i don't think we're in that washington anymore. i think this is going to be... i don't think there's going to be much of a deal. i think there's going to be a kind of... there will be an outcome which hopefully won't be too bad. but the idea tha
that probably won't happen if we go over the cliff. it's not as if we're talking about a situation in which president obama gets everything he wants. i'm not sure. what we want is the least bad outcome for the u.s. economy. and the u.s. long-term fiscal outlook that we can get. i don't think that balance is what we're seeking. what we're seeking is is let's try not to mess up this situation even more than it already is mess up. >> ifill: do you agree with erskine bowles who told us where...